New Investments

African Startups Invited to Apply for Norrsken's $125k Accelerator Progra

VC firm Norrsken has opened applications for its Norrsken Accelerator program.

The program is an 8-week session with $125,000 upfront funding and access to a network of unicorn mentors and top investors.

This Stockholm-based accelerator goes beyond conventional programs as it connects successful startups with world-class advisors who share their passion for using technology and entrepreneurship to drive positive change.

These mentors have walked the startup path themselves, offering invaluable insights and support as you navigate challenges and reach for the stars.

In November 2023, Norrsken22 raised $205 million for its debut fund aimed at supporting African startups during critical growth stages.

Founded by VC and PE veterans, the firm operates across Nigeria, South Africa, Kenya, and Ghana.

Their African Tech Growth Fund secured $110 million in its first close, backed by 30 global unicorn founders.

Despite a dip in global VC activity, Norrsken22 is seeking to bridge the gap between growth and late-stage investments, focusing on Series A and B rounds.

Around 50% of their capital builds a portfolio of promising companies, with the rest reserved for follow-on investments.

Norrsken22 backs fintech, edtech, medtech, and market-enabling solutions that deliver strong returns and positive impact across Africa. Their portfolio boasts stellar names like TymeBank, Sabi, Smile Identity, Autochek, and Shara.

Interested entrepreneurs can apply via –

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